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When China’s “zero-COVID” policy was virtually abandoned in December 2022, there were hopes of economic boom times for the world’s second-largest economy. With weakening factory output and sluggish consumer spending, it’s become increasingly obvious the rosy forecast won’t pan out as expected. Straight Arrow News contributor Peter Zeihan explains why China is not experiencing the…
President Biden and House Speaker Kevin McCarthy averted a catastrophic default on the nation’s debt with a last-minute agreement to suspend the debt ceiling. Now that the U.S. debt limit has been suspended until January 1, 2025, Republicans want to focus on controlling federal spending. Straight Arrow News contributor Newt Gingrich understands the challenges of…
A climate conference hosted by the United Nations will happen this fall, but despite calls to phase out fossil fuels, the topic may not even be part of the discussion. The U.N. climate chief says it’s a vital part of the conversation surrounding the Earth’s warming, and claims world leaders need to discuss a process…
The U.S. economy added 339,000 jobs in May, smashing estimates, while the unemployment rate ticked up to 3.7%, according to the Bureau of Labor Statistics. Economists had expected May to bring in around 190,000 jobs. The data didn’t bring the slowdown in hiring many had expected to see. In fact, the BLS revised jobs numbers…
The debt ceiling bill appears to be on track for Senate approval. The question is, when? Leadership hopes to get it done before the weekend of June 2, but attempts to make amendments could add days to the process. “One senator can stop the train, 99 senators have to wait,” Sen. Dick Durbin, D-Ill., said.…
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